Upstart Holdings (UPST) IPO Opens 30% Higher

Today's IPO for Upstart Holdings, Inc. (NASDAQ: UPST) opened for trading at $26 after pricing its initial public offering of its common stock at a price to the public of $20.00 per share. Upstart is offering 9,000,000 shares of its common stock and selling stockholders are offering 3,015,690 shares of its common stock.

Goldman Sachs & Co. LLC, BofA Securities and Citigroup are acting as lead book-running managers for this offering. Jefferies and Barclays are also acting as book-running managers. JMP Securities and Blaylock Van, LLC are acting as co-managers for this offering.

Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit.

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